The main reasons of keeping branch accounts

Related MCQs

• Debtors system of keeping branch accounts are generally
• When branch A sent goods to branch B in the books of branch A debit is given to
• Under______ system branch profit or loss is ascertained by preparing branch accounts
• The system of keeping accounts generally adopted by small size branches are:
• Goods sent by the head office to the branch but not received by the branch before the close of financial year are credited by head office to
• When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry
• Goods sent by branch X to branch Y will be debited to ______
• Goods sent by the Head Office to the branch but not received by the branch are termed as
• Goods are sent to branch at cost plus 20% .If closing stock of the branch is Rs 60,000 at invoice price, Rs____ will be credited to stock reserve a/c.
• In case of inter-branch transactions, each branch